메뉴 건너뛰기




Volumn 14, Issue 3, 2005, Pages 153-177

Income volatility and residential mortgage delinquency across the EU

Author keywords

Credit market imperfections; European Union; Homeownership; Income volatility; Mortgage default; Mortgage delinquency; Mortgage insurance; Pooled bivariate probit; Precautionary savings; Sample selection

Indexed keywords


EID: 27144513482     PISSN: 10511377     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jhe.2005.07.003     Document Type: Article
Times cited : (37)

References (43)
  • 1
    • 4744365499 scopus 로고    scopus 로고
    • Mortgage default rates and borrower race
    • R. Anderson J. VanderHoff Mortgage default rates and borrower race J. Real Estate Res. 18 1999 279-289
    • (1999) J. Real Estate Res. , vol.18 , pp. 279-289
    • Anderson, R.1    VanderHoff, J.2
  • 2
    • 0011293141 scopus 로고    scopus 로고
    • A note on estimated coefficients in random effects probit models
    • W. Arulampalam A note on estimated coefficients in random effects probit models Oxford Bull. Econ. Statist. 61 1999 597-602
    • (1999) Oxford Bull. Econ. Statist. , vol.61 , pp. 597-602
    • Arulampalam, W.1
  • 3
    • 0036006552 scopus 로고    scopus 로고
    • Risk management and wealth accumulation behavior in France
    • L. Arrondel Risk management and wealth accumulation behavior in France Econ. Lett. 74 2002 187-194
    • (2002) Econ. Lett. , vol.74 , pp. 187-194
    • Arrondel, L.1
  • 6
    • 0031843470 scopus 로고    scopus 로고
    • From pubic to private: The case of mortgage payment insurance in Great Britain
    • T. Burchardt J. Hills From pubic to private: The case of mortgage payment insurance in Great Britain Housing Stud. 13 1998 311-323
    • (1998) Housing Stud. , vol.13 , pp. 311-323
    • Burchardt, T.1    Hills, J.2
  • 7
    • 0031893409 scopus 로고    scopus 로고
    • Mortgage indebtedness in England: An 'epidemiology'
    • R. Burrows Mortgage indebtedness in England: An 'epidemiology' Housing Stud. 13 1998 5-22
    • (1998) Housing Stud. , vol.13 , pp. 5-22
    • Burrows, R.1
  • 8
    • 84977395750 scopus 로고
    • Privatized default risk and real estate recessions: The UK mortgage market
    • P. Chinloy Privatized default risk and real estate recessions: The UK mortgage market Real Estate Econ. 23 1995 401-402
    • (1995) Real Estate Econ. , vol.23 , pp. 401-402
    • Chinloy, P.1
  • 9
    • 0141632999 scopus 로고    scopus 로고
    • Financial market imperfections and home ownership: A comparative study
    • M.C. Chiuri T. Japelli Financial market imperfections and home ownership: A comparative study Eur. Econ. Rev. 47 2003 857-875
    • (2003) Eur. Econ. Rev. , vol.47 , pp. 857-875
    • Chiuri, M.C.1    Japelli, T.2
  • 10
    • 0001420605 scopus 로고    scopus 로고
    • Mortgage default and low downpayment loans: The costs of public subsidy
    • Y. Deng J.M. Quigley R. Van Order F. Mac Mortgage default and low downpayment loans: The costs of public subsidy Reg. Sci. Urban Econ. 26 1996 263-285
    • (1996) Reg. Sci. Urban Econ. , vol.26 , pp. 263-285
    • Deng, Y.1    Quigley, J.M.2    Van Order, R.3    Mac, F.4
  • 11
    • 20444481699 scopus 로고    scopus 로고
    • Labor Income uncertainty, skewness and homeownership
    • L. Diaz-Serrano Labor Income uncertainty, skewness and homeownership J. Urban Econ. 58 2005a 156-176
    • (2005) J. Urban Econ. , vol.58 , pp. 156-176
    • Diaz-Serrano, L.1
  • 12
    • 23844546329 scopus 로고    scopus 로고
    • On the negative relationship between labor income uncertainty and homeownership: Risk-aversion vs. credit constraints
    • (in press)
    • Diaz-Serrano, L., 2005b. On the negative relationship between labor income uncertainty and homeownership: Risk-aversion vs. credit constraints. J. Housing Econ. (in press).
    • (2005) J. Housing Econ.
    • Diaz-Serrano, L.1
  • 13
    • 0030391255 scopus 로고    scopus 로고
    • Home ownership undermined: An analysis of the Finnish case in the light of the British experience
    • J. Doling H. Ruonavaara Home ownership undermined: An analysis of the Finnish case in the light of the British experience J. Housing Built Environ. 11 1996 31-46
    • (1996) J. Housing Built Environ. , vol.11 , pp. 31-46
    • Doling, J.1    Ruonavaara, H.2
  • 14
    • 84977345080 scopus 로고
    • Regional economic stability and mortgage default risk in the Netherlands
    • P.M.A. Eichholtz Regional economic stability and mortgage default risk in the Netherlands Real Estate Econ. 23 4 1995 421-439
    • (1995) Real Estate Econ. , vol.23 , Issue.4 , pp. 421-439
    • Eichholtz, P.M.A.1
  • 15
    • 0003671815 scopus 로고
    • Mortgage arrears and possessions; perspectives from borrowers, lenders and the courts
    • Department of environment, HMSO, London
    • Ford, J., Kempson, E., Wilson, M., 1995. Mortgage arrears and possessions; perspectives from borrowers, lenders and the courts. Department of environment, HMSO, London.
    • (1995)
    • Ford, J.1    Kempson, E.2    Wilson, M.3
  • 16
    • 0035079236 scopus 로고    scopus 로고
    • Failing home owners? The effectiveness of public and private safety-nets
    • J. Ford D. Quilgars Failing home owners? The effectiveness of public and private safety-nets Housing Stud. 16 2001 147-162
    • (2001) Housing Stud. , vol.16 , pp. 147-162
    • Ford, J.1    Quilgars, D.2
  • 17
    • 38249007948 scopus 로고
    • Earnings uncertainty and precautionary savings
    • L. Guiso T. Jappelli D. Terlizzese Earnings uncertainty and precautionary savings J. Monet. Econ. 30 1992 307-338
    • (1992) J. Monet. Econ. , vol.30 , pp. 307-338
    • Guiso, L.1    Jappelli, T.2    Terlizzese, D.3
  • 18
    • 84965633945 scopus 로고
    • The effects of race and age of housing on mortgage delinquency risk
    • R.J. Green G.M. Fustenberg The effects of race and age of housing on mortgage delinquency risk Urban Stud. 12 1975 85-89
    • (1975) Urban Stud. , vol.12 , pp. 85-89
    • Green, R.J.1    Fustenberg, G.M.2
  • 20
    • 16344391656 scopus 로고    scopus 로고
    • Do wages really compensate for risk aversion and skewness affection
    • IZA discussion paper #426, IZA, Bonn
    • Hartog, J., Vijverberg, W., 2002. Do wages really compensate for risk aversion and skewness affection, IZA discussion paper #426, IZA, Bonn.
    • (2002)
    • Hartog, J.1    Vijverberg, W.2
  • 21
    • 0002282477 scopus 로고
    • Income variability, homeownership, and housing demand
    • D.R. Haurin Income variability, homeownership, and housing demand J. Housing Econ. 1 1991 60-74
    • (1991) J. Housing Econ. , vol.1 , pp. 60-74
    • Haurin, D.R.1
  • 22
    • 0001303004 scopus 로고
    • Consumption and capital market imperfections: An international comparison
    • T. Jappelli M. Pagano Consumption and capital market imperfections: An international comparison Amer. Econ. Rev. 79 1989 1088-1105
    • (1989) Amer. Econ. Rev. , vol.79 , pp. 1088-1105
    • Jappelli, T.1    Pagano, M.2
  • 23
    • 0347758960 scopus 로고    scopus 로고
    • On the importance of the precautionary savings motive
    • A. Lusardi On the importance of the precautionary savings motive Amer. Econ. Rev. 88 1998 449-453
    • (1998) Amer. Econ. Rev. , vol.88 , pp. 449-453
    • Lusardi, A.1
  • 25
    • 0003815586 scopus 로고    scopus 로고
    • Unsafe safety nets?
    • Centre for Housing Policy, University of York
    • Kempson, E., Ford, J., Quilgars, D., 1999. Unsafe safety nets? Centre for Housing Policy, University of York.
    • (1999)
    • Kempson, E.1    Ford, J.2    Quilgars, D.3
  • 26
    • 84925887794 scopus 로고
    • Occupational choice, risk aversion, and wealth
    • A. King Occupational choice, risk aversion, and wealth Ind. Lab. Relat. Rev. 1974 586-596
    • (1974) Ind. Lab. Relat. Rev. , pp. 586-596
    • King, A.1
  • 27
    • 0000751806 scopus 로고
    • Limited dependent variable models using panel data
    • G.S. Maddala Limited dependent variable models using panel data J. Human Res. 22 1987 307-337
    • (1987) J. Human Res. , vol.22 , pp. 307-337
    • Maddala, G.S.1
  • 28
    • 0041195520 scopus 로고
    • Do women receive compensating wages for earnings uncertainty?
    • K. McGoldrick Do women receive compensating wages for earnings uncertainty? Southern Econ. J. 62 1995 210-222
    • (1995) Southern Econ. J. , vol.62 , pp. 210-222
    • McGoldrick, K.1
  • 29
    • 2942581634 scopus 로고    scopus 로고
    • Study on the financial integration of European mortgage markets
    • MERCER OLIVER WYMAN
    • MERCER OLIVER WYMAN, 2003. Study on the financial integration of European mortgage markets.
    • (2003)
  • 30
    • 0002330888 scopus 로고
    • On the pooling of time series and cross-section data
    • Y. Mundlak On the pooling of time series and cross-section data Econometrica 46 1978 69-85
    • (1978) Econometrica , vol.46 , pp. 69-85
    • Mundlak, Y.1
  • 31
    • 0032336740 scopus 로고    scopus 로고
    • Mortgage debt, insecure home ownership and health: And explanatory analysis
    • M. Bartley, D. Blane, g. Davey-Smith (Eds.), Blackwell Press Oxford
    • S. Nettleton R. Burrows Mortgage debt, insecure home ownership and health: And explanatory analysis. In: M. Bartley, D. Blane, g. Davey-Smith (Eds.), The Sociology of Health Inequalities 1998 Blackwell Press Oxford
    • (1998) The Sociology of Health Inequalities
    • Nettleton, S.1    Burrows, R.2
  • 32
    • 0142057044 scopus 로고    scopus 로고
    • A European comparison of the costs and risks of mortgages for owner-occupiers
    • P. Neuteboom A European comparison of the costs and risks of mortgages for owner-occupiers Eur. J. Housing Policy 3 2003 155-171
    • (2003) Eur. J. Housing Policy , vol.3 , pp. 155-171
    • Neuteboom, P.1
  • 33
    • 0035080573 scopus 로고    scopus 로고
    • Determinants of mortgage protection insurance take-up
    • G. Pryce M. Keoghan Determinants of mortgage protection insurance take-up Housing Stud. 16 2001 179-198
    • (2001) Housing Stud. , vol.16 , pp. 179-198
    • Pryce, G.1    Keoghan, M.2
  • 34
    • 0042035628 scopus 로고    scopus 로고
    • Theory and estimation of the mortgage payment protection insurance decision
    • G. Pryce Theory and estimation of the mortgage payment protection insurance decision Scot. J. Polit. Econ. 49 2002 216-234
    • (2002) Scot. J. Polit. Econ. , vol.49 , pp. 216-234
    • Pryce, G.1
  • 35
    • 0036075139 scopus 로고    scopus 로고
    • Unemployment insurance for mortgage borrowers: Is it viable and does it cover those most in need?
    • G. Pryce M. Keoghan Unemployment insurance for mortgage borrowers: Is it viable and does it cover those most in need? Eur. J. Housing Policy 2 2002 87-114
    • (2002) Eur. J. Housing Policy , vol.2 , pp. 87-114
    • Pryce, G.1    Keoghan, M.2
  • 36
    • 0002073593 scopus 로고
    • On the asymptotic properties of estimators of models containing limited dependent variables
    • P.M. Robinson On the asymptotic properties of estimators of models containing limited dependent variables Econometrica 50 1982 27-42
    • (1982) Econometrica , vol.50 , pp. 27-42
    • Robinson, P.M.1
  • 37
    • 0032867795 scopus 로고    scopus 로고
    • Income variability, uncertainty and housing tenure choice
    • J. Robst R. Deitz R. McGoldrick Income variability, uncertainty and housing tenure choice Reg. Sci. Urban Econ. 29 1999 219-229
    • (1999) Reg. Sci. Urban Econ. , vol.29 , pp. 219-229
    • Robst, J.1    Deitz, R.2    McGoldrick, R.3
  • 38
    • 0034560443 scopus 로고    scopus 로고
    • Mortgage lending, sample selection and default
    • S.L. Ross Mortgage lending, sample selection and default Real Estate Econ. 28 2000 581-621
    • (2000) Real Estate Econ. , vol.28 , pp. 581-621
    • Ross, S.L.1
  • 39
    • 1642334939 scopus 로고    scopus 로고
    • Redlining the community reinvestment act, and private mortgage insurance
    • S.L. Ross G.M.B. Tootell Redlining the community reinvestment act, and private mortgage insurance J. Urban Econ. 55 2004 278-297
    • (2004) J. Urban Econ. , vol.55 , pp. 278-297
    • Ross, S.L.1    Tootell, G.M.B.2
  • 40
    • 0001028786 scopus 로고
    • Risky income, life cycle consumption and precautionary savings
    • J. Skinner Risky income, life cycle consumption and precautionary savings J. Monet. Econ. 22 1988 237-255
    • (1988) J. Monet. Econ. , vol.22 , pp. 237-255
    • Skinner, J.1
  • 41
    • 84983924563 scopus 로고
    • Lender forebearance: Evidence from mortgage delinquency patterns
    • T.M. Springer N.G. Waller Lender forebearance: Evidence from mortgage delinquency patterns AREUEA J. 21 1 1993 27-46
    • (1993) AREUEA J. , vol.21 , Issue.1 , pp. 27-46
    • Springer, T.M.1    Waller, N.G.2
  • 42
    • 84984062742 scopus 로고
    • Estimation of mortgage defaults using disaggregate loan history data
    • K.D. Vandell T. Thibodeau Estimation of mortgage defaults using disaggregate loan history data AREUEA J. 13 3 1985 292-316
    • (1985) AREUEA J. , vol.13 , Issue.3 , pp. 292-316
    • Vandell, K.D.1    Thibodeau, T.2
  • 43
    • 0003270298 scopus 로고
    • Responding to the risk of unemployment
    • M. Boleat (Ed.), Association of British Insurers London
    • R. Walker A. Shaw L. Hull Responding to the risk of unemployment. In: M. Boleat (Ed.), Insurance and Welfare 1995 Association of British Insurers London pp. 37-52
    • (1995) Insurance and Welfare , pp. 37-52
    • Walker, R.1    Shaw, A.2    Hull, L.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.